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8-KThe WireRed Alert

Executive Change

Filed Oct 9, 2019 · 6y ago · Accession 0001193125-19-265159

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): October 3, 2019 EMERSON RADIO CORP. (Exact Name of Registrant as Specified in Charter) Delaware 001-07731 22-3285224 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 35 Waterview Blvd., Parsippany, NJ 07054 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (973) 428-2000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $.01 per share MSN NYSE American Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 3, 2019, the Board of Directors of Emerson Radio Corp. (the “Company”) approved the grant of an aggregate cash retention bonus of $60,000 to Michael Binney, the Company’s Chief Financial Officer and Secretary, to be paid as soon as practicable following Mr. Binney’s entry into a retention bonus agreement with the Company. The retention bonus agreement, which took effect on October 7, 2019, is intended to incentivize Mr. Binney’s continued employment with the Company, and the bonus will be earned in three equal installments of $20,000 on each of the first three anniversaries of the effective date of the retention bonus agreement, subject to repayment requirements in certain conditions. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EMERSON RADIO CORP. By: /s/ Duncan Hon Name: Duncan Hon Title: Chief Executive Officer Dated: October 9, 2019
Filing details
Ticker
MSN
CIK
32621
Form type
8-K
Filing date
Oct 9, 2019
Report date
Oct 3, 2019
Document
d792600d8k.htm
Size
16 KB